Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Declines By 35.4%

Nuveen Real Estate Income Fund (NYSE:JRS) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 32,465 shares, a decrease of 35.4% from the June 30th total of 50,291 shares. Based on an average trading volume of 77,895 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JRS. Royal Bank of Canada increased its holdings in Nuveen Real Estate Income Fund by 6.3% in the first quarter. Royal Bank of Canada now owns 123,958 shares of the company’s stock valued at $1,021,000 after buying an additional 7,381 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Nuveen Real Estate Income Fund by 41.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after acquiring an additional 2,500 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Nuveen Real Estate Income Fund by 23.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 128,799 shares of the company’s stock worth $1,002,000 after acquiring an additional 24,599 shares during the period. Bank of America Corp DE increased its stake in Nuveen Real Estate Income Fund by 12.7% in the 2nd quarter. Bank of America Corp DE now owns 52,863 shares of the company’s stock valued at $411,000 after purchasing an additional 5,960 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Nuveen Real Estate Income Fund by 14.9% in the 2nd quarter. Advisory Services Network LLC now owns 102,626 shares of the company’s stock valued at $786,000 after purchasing an additional 13,324 shares in the last quarter.

Nuveen Real Estate Income Fund Stock Performance

Shares of JRS traded down $0.04 during mid-day trading on Friday, reaching $8.61. 23,419 shares of the company’s stock were exchanged, compared to its average volume of 77,074. The business’s fifty day simple moving average is $8.43 and its 200-day simple moving average is $8.09. Nuveen Real Estate Income Fund has a 52-week low of $7.12 and a 52-week high of $8.90.

Nuveen Real Estate Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Monday, June 15th. This is an increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.